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Foresta Signs Landmark Term Sheet with Genesis to Supply 300,000 Tonnes of Wood Pellets

9:08am on Monday 2nd of June, 2025 AEST Energy
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Foresta Signs Landmark Term Sheet with Genesis to Supply 300,000 Tonnes of Wood Pellets

9:08am on Monday 2nd of June, 2025 AEST
Key Points
  • Foresta signs non-binding term sheet with Genesis Energy for torrefied wood pellets
  • Target supply of 300,000 tonnes per annum by FY2028 for Huntly Power Station
  • Supply contingent on Foresta’s new Kawerau production facility development and funding
  • Genesis aims to diversify fuel sources to enhance energy security and reduce coal reliance
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